Stocks to Watch Wednesday: Honda, Nissan, Renault, Heico -- WSJ

Dow Jones12-18

By Joe Wallace

Honda Motor (JP:7267), Nissan Motor (JP:7201): Honda shares slipped 3% in Tokyo while Nissan's leaped 24%, prompting a trading halt, after the auto companies said they were exploring a merger. Taiwan-based iPhone producer Foxconn also approached Nissan about taking a stake, according to a Bloomberg News report.

Renault (FR:RNO): Shares rose in Paris. As of early November, even after taking steps to unwind its partnership with Nissan, Renault owned 17% of the Japanese carmaker's shares directly and a further 19% through a trust it benefits from.

Heico $(HEI)$: The airplane-part and electronics supplier, backed by Warren Buffett's Berkshire Hathaway, reported quarterly revenue that fell short of analyst estimates late Tuesday. Shares fell in off-hours trading.

Birkenstock $(BIRK)$ and General Mills $(GIS)$ are due to report earnings before the bell followed by Micron Technology $(MU)$ after the close.

UniCredit (IT:UCG), Commerzbank (XE:CBK): Shares of both banks rose after UniCredit raised its stake in Commerzbank through derivatives contracts, to 28%. It is a signal of the Milanese lender's intent to pursue its German rival in the face of opposition from Berlin.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

December 18, 2024 05:13 ET (10:13 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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As of early November, even after taking steps to unwind its partnership with Nissan, Renault owned 17% of the Japanese carmaker's shares directly and a further 19% through a trust it benefits from. \n</p>\n<p>\n      Heico <a href=\"https://laohu8.com/S/HEI\">$(HEI)$</a>: The airplane-part and electronics supplier, backed by Warren Buffett's Berkshire Hathaway, reported quarterly revenue that fell short of analyst estimates late Tuesday. Shares fell in off-hours trading. \n</p>\n<p>\n      Birkenstock <a href=\"https://laohu8.com/S/BIRK\">$(BIRK)$</a> and General Mills <a href=\"https://laohu8.com/S/GIS\">$(GIS)$</a> are due to report earnings before the bell followed by Micron Technology <a href=\"https://laohu8.com/S/MU\">$(MU)$</a> after the close. \n</p>\n<p>\n      UniCredit (IT:UCG), Commerzbank (XE:CBK): Shares of both banks rose after UniCredit raised its stake in Commerzbank through derivatives contracts, to 28%. It is a signal of the Milanese lender's intent to pursue its German rival in the face of opposition from Berlin. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. 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Taiwan-based iPhone producer Foxconn also approached Nissan about taking a stake, according to a Bloomberg News report. \n\n\n      Renault (FR:RNO): Shares rose in Paris. As of early November, even after taking steps to unwind its partnership with Nissan, Renault owned 17% of the Japanese carmaker's shares directly and a further 19% through a trust it benefits from. \n\n\n      Heico $(HEI)$: The airplane-part and electronics supplier, backed by Warren Buffett's Berkshire Hathaway, reported quarterly revenue that fell short of analyst estimates late Tuesday. Shares fell in off-hours trading. \n\n\n      Birkenstock $(BIRK)$ and General Mills $(GIS)$ are due to report earnings before the bell followed by Micron Technology $(MU)$ after the close. \n\n\n      UniCredit (IT:UCG), Commerzbank (XE:CBK): Shares of both banks rose after UniCredit raised its stake in Commerzbank through derivatives contracts, to 28%. It is a signal of the Milanese lender's intent to pursue its German rival in the face of opposition from Berlin. \n\n\n       This item is part of a Wall Street Journal live coverage event. 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